The amount on Rs. 25,000 in 2 years at annual compound interest, if the rates for the successive years be 4% and 5% per annum respectively is: (1) Rs. 30,000 (2) Rs. 26,800 fa) Rs. 27.300 (4) Rs. 28,500 Show
Correct Option: CGiven that , Principal = Rs. 25,000 , Time = 2 years , R1 = 4% , R2 = 5%
Amount = Rs. 27300
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Given that , Principal = Rs. 25,000 , Time = 2 years , R1 = 4% , R2 = 5%Using the given formula ,
Amount = Rs. 27300
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What would be the compound interest of Rs 25000 for 2 years at the rate of 5% per annum?25000 for 2 years at the rate of 5% per annum ?
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Correct Option: B.. What will be the compound interest on fixed deposit of Rs 25000 for 2 yrs if rate of interest is 12% pa by assuming interest compounded annually?Rate of interest = 12% p.a. ∴ The compound interest is Rs. 10123.20.
At what rate of compound interest will 25000 become 36000 in two years and also find the compound interest?So, rate of interest is Rs = 20% per annum.
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